Shanghai imports less stainless steel in Jan-Nov period
Shanghai's stainless steel imports showed decline in the first eleven months of the year mainly due to lukewarm demand in the domestic market. In Jan-Nov period, Shanghai imported 388'000 tons of stainless steel with a decline of 20.6% from a year earlier. Industry analysts attribute the decline to China's significant expansion of stainless steel production and slowdown in demand for imports. China used 2.1 million tons of stainless steel in the first half, indicating a slight increase of 0.7% compared to the same period of last year.Shanghai imports less stainless steel in Jan-Nov period
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